Tsky Co (ROCO:6784) Receivables Turnover : 2.48 (As of Dec. 2024)

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What is Tsky Co Receivables Turnover?

The Receivables Turnover ratio measures the number of times a company collects its average accounts receivable balance. It is calculated as Revenue divided by average Accounts Receivable. An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. Tsky Co's Revenue for the six months ended in Dec. 2024 was NT$167.0 Mil. Tsky Co's average Accounts Receivable for the six months ended in Dec. 2024 was NT$67.4 Mil. Hence, Tsky Co's Receivables Turnover for the six months ended in Dec. 2024 was 2.48.

Tsky Co Receivables Turnover Historical Data

The historical data trend for Tsky Co's Receivables Turnover can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Tsky Co Receivables Turnover Chart

Tsky Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Receivables Turnover

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2.52

3.11

4.10

3.65

4.76

Tsky Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Receivables Turnover	Get a 7-Day Free Trial									3.07	1.58	2.27	2.17	2.48

Competitive Comparison of Tsky Co's Receivables Turnover

For the Consumer Electronics subindustry, Tsky Co's Receivables Turnover, along with its competitors' market caps and Receivables Turnover data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Tsky Co's Receivables Turnover Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Tsky Co's Receivables Turnover distribution charts can be found below:

* The bar in red indicates where Tsky Co's Receivables Turnover falls into.

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Tsky Co Receivables Turnover Calculation

Receivables Turnover measures the number of times a company collects its average accounts receivable balance.

Tsky Co's Receivables Turnover for the fiscal year that ended in Dec. 2024 is calculated as

	Receivables Turnover (A: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (A: Dec. 2024 )	/ (	(Accounts Receivable (A: Dec. 2023 )	+	Accounts Receivable (A: Dec. 2024 ))	/	count )
=	308.024	/ (	(62.476	+	66.978)	/	2 )
=	308.024	/	64.727
=	4.76

Tsky Co's Receivables Turnover for the quarter that ended in Dec. 2024 is calculated as

	Receivables Turnover (Q: Dec. 2024 )
=	Revenue	/	Average Total Inventories
=	Revenue (Q: Dec. 2024 )	/ (	(Accounts Receivable (Q: Jun. 2024 )	+	Accounts Receivable (Q: Dec. 2024 ))	/	count )
=	166.998	/ (	(67.785	+	66.978)	/	2 )
=	166.998	/	67.3815
=	2.48

Tsky Co (ROCO:6784) Receivables Turnover Explanation

An efficient company has a higher accounts receivable turnover ratio while an inefficient company has a lower ratio. This metric is commonly used to compare companies within the same industry to check whether they are on par with their competitors.

Tsky Co Receivables Turnover Related Terms

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Tsky Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tsky Co Ltd (ROCO:6784) » Definitions » Receivables Turnover

Traded in Other Exchanges

N/A

Address

21 Floor-2, No.8, Ziqiang S. Road, Hsinchu County 302, Zhubei, TWN

Website

https://www.tsky.com.tw

Tsky Co Ltd is engaged in the manufacturing of several wearable products. It offers GPS watches, GPS bands, and wearable devices used for golf, running, and cycling. It also provides an antenna including Wi-Fi, 3G, 4G, and RF connectors among others.

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